🇪🇸 Spain clarifies Crypto: Self-custody is NOT reportable via Modelo 721! The Spanish Tax Agency (AEAT) updated its reporting FAQs. If YOU control your private keys (self-custody), your crypto assets abroad are EXEMPT from Modelo 721. Reporting is ONLY required if: 1️⃣ Private keys are held by a 3rd party custodian. 2️⃣ That custodian is NOT a Spanish tax resident or has no permanent establishment in Spain. Threshold: This applies to Spanish tax residents whose total overseas crypto assets exceed €50,000 on Dec 31st. This brings clarity for self-custodied digital asset holders in Spain. #crypto #Spain #tax #regulations #blockchain #bitcoin #ethereum